Generally speaking, buying a car with a loan requires buying auto insurance at the same time. Auto insurance is divided into compulsory insurance and commercial insurance. Compulsory insurance is statutory insurance, and uniform terms and rates are implemented throughout the country. As long as the vehicle is on the road, it must be insured with compulsory insurance first, even if it is picked up in different places, it has not been officially registered. Commercial insurance is your choice. Generally speaking, 4S stores require full insurance, and you need to pay a renewal deposit, which will be refunded after your loan is repaid. But if you fight for it, you can only do the following: compulsory insurance, excluding deductible insurance, three risks, car damage insurance, theft and emergency rescue. For beginners, it is inevitable that some vehicles will be lost due to nervousness, unfamiliar road conditions and poor technology. Therefore, it is best to buy all risks for vehicle insurance, such as car damage insurance. Car damage insurance is the main type of vehicle insurance. Generally speaking, it should be compulsory insurance, especially the compensation limit for property losses caused by compulsory insurance is low, and car damage insurance can be used as an effective supplement, so car damage insurance is an important guarantee for new cars. In addition to buying auto insurance, you should also buy driver insurance for protection, because auto insurance is to protect the car rather than the insured. As the saying goes, "the road is like a tiger's mouth", you should put personal safety first when driving. Despite our superb driving skills, we still have to guard against unpredictable external risks.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.

Can you buy insurance in the second year instead of theft and car damage insurance for a car that is paid in installments for three years?

You can't. The insurance of loan car is a special agreement, which requires the purchase of commercial insurance. It varies from vehicle type to vehicle type and from time to place. Generally, there are: compulsory insurance-the kind of insurance that must be bought regardless of whether it is a loan. Vehicle loss insurance-the loss of the loan car is guaranteed by a third party (insurance company). Third-party liability insurance-in fact, sometimes the person who hurts is much more valuable than the loan car. Generally, vehicles purchased by mortgage cannot be insured outside the 4S shop, because it involves the issue of the whereabouts of rights and interests. Because you haven't paid all the money for your car, if anything happens during this period, it will involve the rights and interests between you and 4S stores, guarantee companies and banks, which is complicated, so it is generally impossible to insure yourself. However, after the payment of the car, you can join the insurance at will.

Do I have to buy all insurance when I borrow a car?

The requirements for personal consumption car loan business in China Bank are as follows: (1) If the borrower applies for a loan with the mortgage of the purchased vehicle or/and property other than the purchased vehicle as the guarantee, the handling bank shall require the borrower to apply for collateral insurance. 1. The insurance period shall not be shorter than the loan period, and the insurance amount shall not be less than the sum of the loan principal and interest. The handling bank shall be the insurance beneficiary. 2. During the validity period of the insurance, the handling bank shall require the borrower not to interrupt or cancel the insurance for any reason; If the insurance is interrupted, the lender has the right to take out the insurance on its behalf. In case of damage beyond the scope of insurance liability, the handling bank shall reconfirm and implement the borrower's loan guarantee. 3. For the insurance during the loan period, we should strive for one-time insurance. In the case of underwriting only the insurance of the current year, the handling bank shall require the borrower to provide certain guarantee methods for the insurance of the next year. 4. If the purchased vehicle is mortgaged to provide guarantee, the handling bank shall require the borrower to at least insure the collateral against vehicle loss insurance, burglary insurance, spontaneous combustion insurance and third party liability insurance. (2) Where loans are issued by credit, the handling bank shall require the borrower to at least cover vehicle loss insurance, theft insurance, spontaneous combustion insurance and third party liability insurance for the purchased vehicles. Because there are some differences in different regions, please consult the loan handling outlets for details.

The above contents are for your reference. Please refer to the actual business regulations.

What insurance do you need to buy a car with a loan?

1. compulsory insurance: insurance that must be purchased regardless of whether there is a loan. 2. Vehicle loss insurance: the loss of the loan vehicle is guaranteed by a third party (insurance company). 3. Third-party liability insurance: In fact, sometimes the injured person is much more valuable than the loan car. 4. Rescue: Lenders are afraid of losing their cars. 5. Scratch insurance: high-end cars usually need to be purchased. As for "excluding deductible insurance", you only need to buy it with the purchased insurance. However, if you fight for it, you can only buy the following: compulsory insurance, excluding deductible insurance, tripartite insurance, car damage insurance and home invasion insurance. For beginners, it is inevitable that some vehicles will be lost due to nervousness, unfamiliar road conditions and poor technology.

What insurance do you need to buy a car?

When buying a car with a loan, you must purchase the following types of insurance:

1, compulsory insurance. This is an insurance product that must be purchased according to national regulations. As long as the borrower buys a car, he has to buy compulsory insurance, which is not negotiable.

2. Third liability insurance. In terms of compensation, the amount of compulsory insurance is low. If the borrower buys the third liability insurance, the amount of compensation after the accident will be relatively high.

3. The whole vehicle was stolen and rescued. After buying a new car, it must be as painful as being a baby, especially a good car. Of course, I am afraid of being stolen and robbed. At this time, you need to buy a whole car anti-theft emergency. With this insurance, borrowers don't have to worry about the new car being stolen and robbed.

4. Vehicle loss insurance. This is one of the most common types of new car purchases. If the car is scratched in future use, you can apply for compensation to reduce the loss of the borrower on the way.

5, excluding deductible insurance.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.

Buy a car to buy insurance, which can not be bought.

Must buy: compulsory insurance, car damage insurance, third party liability insurance, etc. ; What you don't need to buy are: water insurance, spontaneous combustion insurance, etc. Details are as follows.

First, buy a car to buy insurance, the following must be bought:

1, compulsory insurance is necessary.

Compulsory traffic insurance is a kind of insurance compulsory by law, and it is also a necessary guarantee for car owners and cars. It can greatly reduce the economic burden of the owner in the event of an accident and resolve it. The most important thing is that without insurance, you can't get a license, transfer ownership or annual inspection. Once investigated, they will be detained and punished with double premium.

2. Car damage insurance

Car damage insurance is responsible for the maintenance of your own vehicle after an accident. Car damage insurance is usually necessary, such as daily problems, and maintenance costs can be reimbursed by insurance companies.

After the accident, if you don't buy this, and the other party is not fully responsible, then you have to pay for the car repair yourself, so I suggest buying it. The reason is clear, because the cost of repairing an accident may be much more expensive than your insurance premium.

3. Third party liability insurance

Refers to the economic responsibility that should be borne by the insured according to law. If the insured or its licensed driver has an accident in the process of using the insured vehicle, causing personal injury to a third party or direct property loss, the insurance company shall be responsible for compensation.

If after an accident, the other party's vehicle and personnel losses exceed the proportion of compulsory insurance, then the third party liability insurance will come in handy.

4. Excluding deductible insurance.

Excluding deductible insurance, known as "special clause excluding deductible", is an additional risk of commercial insurance (car damage insurance or three liability insurance). As an additional insurance, deductible insurance needs to be insured on the premise of "main insurance", and it is not allowed to be insured separately. Generally speaking, if you take out this insurance, you can transfer 5% to 20% of your responsibilities to the insurance company.

2. The insurance that cannot be purchased is as follows:

1, body scratch insurance

It is not cost-effective to use this insurance to repair scratches and get out of danger once, and the premium will rise accordingly in the second year.

2. Risk of glass breakage alone

The risk of separate breakage means, for example, that you can only pay for the windshield hit by a stone at high speed, but be careful not to protect the skylight and rearview mirror.

3. Spontaneous combustion insurance

Because of the vehicle itself, the burning man-made fire will not be compensated, and the probability of spontaneous combustion of the new car is low, so it is not necessary to spend this money during the warranty period.

4. Water insurance

Can compensate the vehicle maintenance costs caused by the vehicle being soaked in water. Please be careful not to re-ignite your car after it enters the water. After the fire broke out again, the insurance company was not responsible for the compensation, thinking that it was caused by your improper operation and refused to pay compensation.

Extended data

Vehicle insurance, namely motor vehicle insurance, referred to as auto insurance, also known as auto insurance. It refers to a kind of commercial insurance that bears the responsibility for personal injury or property loss caused by natural disasters or accidents.

Automobile insurance is a kind of property insurance. In the field of property insurance, automobile insurance is a relatively young type of insurance, which is due to the emergence and development of automobile insurance with the emergence and popularization of automobiles. At the same time, different from modern motor vehicle insurance, in the initial stage of automobile insurance, third-party liability insurance is the main risk, and it gradually extends to risks such as body collision loss.